Bitcoin Price Could Hit $15,000 This Year

Christopher Matta, Goldman Sachs

According to my estimates, the recent tx spam on the ETH network cost up to ~$15m USD

Vitalik Buterin

Bitcoin Exchange Gemini to Insure Users’ Assets

Gemini exchange, founded by Cameron and Tyler Winklevoss, has announced that it obtained insurance coverage for the digital assets it holds in custody, CoinDesk reports.

Gemini Trust Company notes that insurance services will be provided by Aon global company. The latter also provides “a broad range of risk, retirement and health solutions.”

According to exchange’s representatives, Gemini managed to assure the underwriters that it was a “”leading, best-in-class exchange and custodian.” Gemini head of risk Yusuf Hussain highlights that the users need the same level of insurance protection that traditional financial institutions have.

To recap, Gemini exchange announced launch of USD-backed stablecoin Gemini Gollar (GUSD) last month.